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SolowModel Assume a standard Solow-niodel with population and technological growth. Population (Ni) grows at rate 11: Nt+1=l1 + JN: and labor-augmenting technology (A1) grows at

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SolowModel Assume a standard Solow-niodel with population and technological growth. Population (Ni) grows at rate 11: Nt+1=l1 + "JN: and labor-augmenting technology (A1) grows at rate 9. A!\" = {1 + 90A; Production technology is of CobbDouglas form: 1": = ZrKAeerl_ where 0

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